If a Technological Improvement Took Place in the Computer Industry

question 35

Multiple Choice

If a technological improvement took place in the computer industry, we would expect to see the equilibrium price of computers to

• A)increase and the quantity of computers sold to decrease.
• B)decrease and the quantity of computers sold to increase.
• C)decrease and the quantity of computers sold to decrease.
• D)increase and the quantity of computers sold to increase.
• E)increase and the quantity of computers sold to stay the same.

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Definitions:

Physically Free

The state of not being physically restricted or constrained by external forces or barriers.

Communicative

Able to convey or exchange information effectively through various means, including speaking, writing, or using other forms of communication.

Consumer Identity Renaissance

A phase where consumers reassess and often change their consumption patterns and brand preferences to better reflect their identity.

Self-Expression

The expression of one's thoughts, feelings, or ideas, especially through art, music, or writing.